The dividend discount model (DDM) is one of the basic applications of financial theory. The theory is easy to grasp: A stock is worth its price if that price is less than the net present value of its ...

I last wrote on AbbVie stock (NYSE:ABBV) back in July 2024, a bit more than two months ago. In that article, I explained my thought process for exiting the position from our income account. The key ...